As Formula 1 enters its 2021 season, all eyes are on the driver contracts and salaries. The stakes have never been higher, as teams ramp up their efforts to secure the best talent and maximize their chances of winning.
One of the most significant elements of any driver contract is the salary. The top drivers in the sport can earn tens of millions of dollars per year, making F1 one of the highest-paid sports in the world.
So, who are the top-earning drivers in F1 this season? Let’s take a closer look at the salaries for the 2021 season.
At the top of the list is Mercedes driver Lewis Hamilton, who has won seven World Championships and is widely regarded as one of the greatest drivers in F1 history. Hamilton’s contract for the 2021 season is reportedly worth around $40 million, making him the highest-paid driver on the grid.
Behind Hamilton is Red Bull Racing’s Max Verstappen, who is believed to be earning around $25 million this season. Verstappen is widely seen as one of the most promising talents in the sport, and many experts predict he could be a future World Champion.
Other top earners in F1 this season include Ferrari’s Charles Leclerc, who is reportedly earning around $10 million, and McLaren’s Daniel Ricciardo, who is thought to be earning around $17 million.
Of course, these figures are only estimates, and the actual salaries of F1 drivers are rarely disclosed publicly. However, it’s clear that the top drivers in the sport can earn vast sums of money, thanks to their talent, success, and marketability.
But what about the drivers who are still working their way up the ranks? Many young drivers in F1 are on much lower salaries, as they don’t yet have the experience or achievements of the top names in the sport.
For example, Haas driver Nikita Mazepin, who is making his F1 debut this season, is thought to be earning around $1 million. Meanwhile, Williams driver George Russell, who has been tipped as a future star of the sport, is believed to be earning around $2 million.
These figures highlight the vast disparities in earnings between the top drivers in F1 and those who are still climbing the ranks. However, for all drivers, the ultimate goal is to secure a contract with a top team and compete at the highest level of the sport.
As the 2021 season gets underway, fans will be eagerly watching to see which drivers come out on top in the race for the World Championship – and, of course, which drivers earn the most money in the process.
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